(Reuters) - Alignment Healthcare Inc, a healthcare platform backed by private equity firms Warburg Pincus and General Atlantic, said on Thursday it is aiming for a valuation of up to $3.56 billion in its initial public offering in the United States. The company, founded in 2013, focuses on providing private insurance coverage to senior patients enrolled in Medicare Advantage plans. Medicare Advantage plans refers to the Medicare-benefits that are offered to seniors and is administered by private insurance companies. Alignment and a group of its stockholders are aiming to raise up to $516.8 million in the IPO, selling 27.2 million shares between $17 and $19 each, its filing showed. The California-headquartered firm is looking to cash in on the high investor demand for new stocks in the U.S. capital markets. Since the start of the year, companies have raised more than $110 billion in initial public offerings in the U.S., according to data from SPAC Research and IPOScoop. Alignment’s shares will be listed on Nasdaq under the symbol “ALHC”. Goldman Sachs, Morgan Stanley, JP Morgan, BofA Securities and William Blair are the lead underwriters for the offering.